Applicability of PAN requirement for Foreign Nationals.
May, 23rd 2014
ceneral circular trto. lL /2014
Ministry of CorPorate Affairs
'A'Wing, 5t Floor, Shastfi Bhawan,
Dr. Raiendra Prasad Road, New Delhi110001
Dated,'. 22nd Mav,2074
AII Regional Directort
All Registrar of Companies,
Sub: Applicability of PAN requirement for Foreign Nationals.
Attention of Ministry has been drawn to diffrculties being faced by Foreign
Nationals while filing Incorporation form (lNC-71 due to mandatory requirement of
submission of PAN details of intending Directors at the time of filing the application for
2. It is hereby clarified that PAN details are mandatory only for those foreign
nationals who are required to possess "PAN" in terms of provisions of the Income Tax
Act, 1961 on the date of appiication for incorporation Where the intending Director
who is a Foreign National is not required to compulsorily possess PAN, it will be
sufficient for such a person to furnish his/her passport number, alongwith undertaking
stating that provisions of mandatory applicability of PAN are not applicable to the
person concerned. The form of Declaration is required to be made in the proforma
3. This issues with the approval of Competent Authority.
Encl. As above.
1. PSO to Secretary
2. PPS toAdditjonal Secretary
3. PSto ls(M)/lstB)/lstsP)
I-(name)-, son of name)- citizen of
having passport No.-(passport Number]- declare as
til That I am not required under the provisions of Income Tax Act, 1961 to
obtain lncome Tax Permanent Account Number [PAN];
(iD That in view ofthe above I have not been issued any PAN; and
(iiD That i undertake to furnish to the Registrar of Companies (mention
jurisdictionJ details of my PAN as soon as a Permanent Account Number is
issued to me.